Aircastle Ltd. (AYR) Plans Quarterly Dividend of $0.20
Aircastle (NYSE:AYR) declared a quarterly dividend on Tuesday, February 25th, American Banking and Market News reports. Stockholders of record on Friday, March 7th will be given a dividend of 0.20 per share on Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 4.19%.
A number of analysts have recently weighed in on AYR shares. Analysts at Morgan Stanley downgraded shares of Aircastle from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, February 11th. They now have a $18.00 price target on the stock. They noted that the move was a valuation call. Analysts at TheStreet upgraded shares of Aircastle to a “buy” rating in a research note on Monday, December 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.67.
Shares of Aircastle (NYSE:AYR) traded up 9.34% during mid-day trading on Tuesday, hitting $20.8628. The stock had a trading volume of 243,209 shares. Aircastle has a 52 week low of $12.88 and a 52 week high of $19.67. The stock’s 50-day moving average is $18.67 and its 200-day moving average is $18.1. The company has a market cap of $1.685 billion and a price-to-earnings ratio of 123.90.
Aircastle (NYSE:AYR) last announced its earnings results on Tuesday, February 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.41. The company had revenue of $192.00 million for the quarter, compared to the consensus estimate of $172.57 million. Analysts expect that Aircastle will post $0.07 EPS for the current fiscal year.
In other Aircastle news, Director Corp Marubeni acquired 12,500 shares of the stock on the open market in a transaction dated Monday, February 24th. The shares were purchased at an average price of $18.91 per share, with a total value of $236,375.00. The purchase was disclosed in a filing with the SEC, which is available at this link.
Aircastle Limited (NYSE:AYR) is a global company that acquires, leases, and sells high-utility commercial jet aircraft to customers throughout the world.
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